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The latest update is out from Global Hemp ( (TSE:GHG) ).
Global Hemp Group Inc. has announced the settlement of $74,289.56 of its long-term debt by issuing units priced at $0.031 each, which include common shares and warrants. This move is part of the company’s strategy to manage its financial obligations and potentially strengthen its market position by leveraging its assets in the industrial hemp and biopharma sectors.
More about Global Hemp
Global Hemp Group Inc. is engaged in two primary business segments: Industrial Hemp and Health & Wellness (Biopharma). The Industrial Hemp division focuses on environmental applications of hemp, such as construction and sustainable bio-energy, aiming for a carbon-negative footprint. The Health and Wellness division seeks to acquire exclusive licensing of patents and intellectual property. The company’s R&D division, led by Prof. Víctor M. Castaño, aims to capitalize on opportunities in the industrial hemp sector.
YTD Price Performance: 25.00%
Average Trading Volume: 99,181
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$607.3K
See more data about GHG stock on TipRanks’ Stock Analysis page.